Mentioned:
There’s a new gold mining company on the New York Stock Exchange. And they’re aiming to become one of the largest gold producers in Canada.
What’s happening:
- Gold X2 (NYSE: AUXX) has officially begun trading on the New York Stock Exchange
Why it matters:
- Gold X2 owns the Moss Gold Project located in Ontario, Canada which contains significant deposits of both gold and silver and has NI 43-101 resource of nearly 2.5M ounces of indicated gold at 1.04 grams per tonne
Going deeper:
- Gold X2 previously made major waves when they raised $116M CAD in an equity financing round that was led by precious metals giant AngloGold Ashanti (NYSE: AU)
- The private and public investment arm of the Hess oil family Hess Capital also notably participated in the $116M CAD capital raise alongside of AngloGold Ashanti, with a $22M CAD strategic investment
